With $28 million in Series C funding, GlossGenius can continue developing its platform for entrepreneurs in the health and beauty sectors.
According to a press release issued by GlossGenius on Thursday (July 27), this is the second up-round the firm has received in the past 12 months, bringing the total amount of money received to date to around $70 million.
GlossGenius CEO and founder Danielle Cohen-Shohet stated, “Significant shifts in the beauty and wellness industry have provided a significant opportunity for vertical operating systems to create unprecedented value.”
“We have been driving financial success for local entrepreneurs by assisting our business customers to grow revenue by 25% to 100% and save hours of manual labor every single day.”
According to the press release, GlossGenius assists local business owners with managing payments, reservations, inventory, costs, marketing, and other front- and back-office activities. The platform’s annualized activity is in the billions of dollars, and the company’s revenue increased last year by triple-digit percentages.
According to the press release, the extra money will allow GlossGenius to speed up the development of its platform, supply more cutting-edge goods and services to help company owners in the beauty and wellness sector, and continue to innovate. The company has added some automation, payment, and customer experience products.
L Catterton’s Growth Fund drove the most recent equity round. The enormous enthusiasm shown by GlossGenius clients is a testament to the product’s greatness and the company’s position as the industry’s go-to platform, according to Ian Friedman, a partner in L Catterton’s Growth Fund, who was quoted in the statement.
We are delighted to help GlossGenius achieve its ambitious development goals by utilizing our experience developing consumer and technology firms.
According to PYMNTS research, customers’ buying habits and interactions with service and product offerings are changing in the beauty and wellness sector.
As a result, according to “The Digital Transformation of Beauty and Wellness Services,” the May edition of the “B2B and Digital Payments Tracker Series,” a partnership between PYMNTS and American Express, spas, salons, and other service providers, are expanding their digital presence, from booking and payment capabilities to customer outreach and advertising.
The study also discovered that businesses that offer beauty services but need to give their clients a simple way to schedule and pay for appointments could no longer compete with more modern businesses.
Almost $28 million is raised by GlossGenius for a platform for beauty and wellness.With $28 million in Series C funding, GlossGenius can continue developing its platform for entrepreneurs in the health and beauty sectors.
According to a press release issued by GlossGenius on Thursday (July 27), this is the second up-round the firm has received in the past 12 months, bringing the total amount of money received to date to around $70 million.
GlossGenius CEO and founder Danielle Cohen-Shohet stated, “Significant shifts in the beauty and wellness industry have provided a significant opportunity for vertical operating systems to create unprecedented value.”
“We have been driving financial success for local entrepreneurs by assisting our business customers to grow revenue by 25% to 100% and save hours of manual labour every single day.”
According to the press release, GlossGenius assists local business owners with managing payments, reservations, inventory, costs, marketing, and other front- and back-office activities. The platform’s annualised activity is in the billions of dollars, and the company’s revenue increased last year by triple-digit percentages.
According to the press release, the extra money will allow GlossGenius to speed up the development of its platform, supply more cutting-edge goods and services to help company owners in the beauty and wellness sector, and continue to innovate. The company has added some automation, payment, and customer experience products.
L Catterton’s Growth Fund drove the most recent equity round. The enormous enthusiasm shown by GlossGenius clients is a testament to the product’s greatness and the company’s position as the industry’s go-to platform, according to Ian Friedman, a partner in L Catterton’s Growth Fund, who was quoted in the statement.
We are delighted to help GlossGenius achieve its ambitious development goals by utilizing our experience developing consumer and technology firms.
According to PYMNTS research, customers’ buying habits and interactions with service and product offerings are changing in the beauty and wellness sector.
As a result, according to “The Digital Transformation of Beauty and Wellness Services,” the May edition of the “B2B and Digital Payments Tracker Series,” a partnership between PYMNTS and American Express, spas, salons, and other service providers, are expanding their digital presence, from booking and payment capabilities to customer outreach and advertising.
The study also discovered that businesses that offer beauty services but need to give their clients a simple way to schedule and pay for appointments might no longer compete with more modern businesses. Source